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The Hanshin Diesel Works,Ltd., First Half Ordinary Profit Decreases by 60%, July-September Ordinary Profit Turns to Loss

Tue Nov 5, 2024 3:30 pm JST Earnings

6018 The Hanshin Diesel Works,Ltd. 【J-GAAP】

Earnings Report

The Hanshin Diesel Works,Ltd. <6018> [TSE-S] announced its financial results after the market closed on November 5th (15:30). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending March 2025 (April to September) significantly dropped by 59.8% from the same period last year to 136 million yen. The progress rate against the 500 million yen full-year plan was 27.2%, also falling below the five-year average of 65.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the October to March period (second half) is expected to grow by 19.3% from the same period last year, reaching 364 million yen.

In the most recent three-month period, from July to September (2Q), the ordinary profit/loss turned to a loss of 82 million yen (compared to a profit of 216 million yen in the same period last year). The operating profit/loss margin drastically worsened from 8.4% in the same period last year to -3.7%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 4,303 337 361 248 76.9 60.0 Nov 7, 2022 J-GAAP
Apr - Sep, 2023 4,753 310 338 227 70.4 52.6 Nov 6, 2023 J-GAAP
Apr - Sep, 2024 5,570 105 136 110 34.0 27.2 Nov 5, 2024 J-GAAP
YoY +17.2% -66.1% -59.8% -51.5% -51.6%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 5,570 100 130 110 34.0 0 Oct 15, 2024 J-GAAP
Apr - Sep, 2024 Results 5,570 105 136 110 34.0 0 Nov 5, 2024 J-GAAP
Revision Rate 0.0% +5.0% +4.6% 0.0% +0.2%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 4,883 241 305 229 70.8 60 May 13, 2024 J-GAAP
Oct - Mar, 2024 Guidance 7,830 345 364 250 77.2 70 Nov 5, 2024 J-GAAP
YoY +60.4% +43.2% +19.3% +9.2% +8.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,064 550 602 406 126.0 50 May 15, 2023 J-GAAP
Mar, 2024 9,636 551 643 456 141.1 60 May 13, 2024 J-GAAP
Mar, 2025 Guidance 13,400 450 500 360 111.1 70 Oct 15, 2024 J-GAAP
YoY +39.1% -18.3% -22.2% -21.1% -21.2%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 2,351 197 216 145 45.0 8.4 Nov 6, 2023 J-GAAP
Oct - Dec, 2023 2,197 129 162 114 35.4 5.9 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 2,686 112 143 115 35.6 4.2 May 13, 2024 J-GAAP
Apr - Jun, 2024 2,716 211 218 166 51.6 7.8 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 2,854 -106 -82 -56 -17.3 -3.7 Nov 5, 2024 J-GAAP
YoY +21.4% － － － －

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